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HOUSE BILL 2593
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Passed Legislature - 1994 Regular Session
State of Washington 53rd Legislature 1994
Regular Session
By
Read first time 01/19/94. Referred to Committee
on Transportation.
Funding highway improvements.
AN ACT Relating to
funding for highway improvements necessitated by planned economic development;
reenacting and amending RCW 47.10.801; and declaring an emergency.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF
WASHINGTON:
Sec. 1. RCW 47.10.801 and 1985 c
433 s 7 and 1985 c 406 s 2 are each reenacted and amended to read as follows:
(1) In order to provide
funds necessary for the location, design, right of way, and construction of
selected interstate and other state highway improvements, there shall be issued
and sold, subject to subsections (2) ((and)), (3), and (4)
of this section, upon the request of the Washington state transportation
commission a total of four hundred sixty million dollars of general obligation
bonds of the state of Washington for the following purposes and specified sums:
(a) Not to exceed two
hundred twenty-five million dollars to pay the state's share of costs for
federal-aid interstate highway improvements and until December 31, 1989, to
temporarily pay the regular federal share of construction of federal-aid
interstate highway improvements to complete state routes 82, 90, 182, and 705
in advance of federal-aid apportionments under the provisions of 23 U.S.C.
Secs. 115 or 122: PROVIDED, That the total amount of bonds issued to
temporarily pay the regular federal share of construction of federal-aid
interstate highways in advance of federal-aid apportionments as authorized by
this section and RCW 47.10.790 shall not exceed one hundred twenty million
dollars: PROVIDED FURTHER, That the transportation commission shall consult
with the legislative transportation committee prior to the adoption of plans
for the obligation of federal-aid apportionments received in federal fiscal
year 1985 and subsequent years to pay the regular federal share of federal-aid
interstate highway construction projects or to convert such apportionments
under the provisions of 23 U.S.C. Secs. 115 or 122;
(b) Two hundred
twenty-five million dollars for major transportation improvements throughout
the state that are identified as category C improvements and for selected major
non-interstate construction and reconstruction projects that are included as
Category A Improvements in RCW 47.05.030;
(c) Ten million dollars
for state highway improvements necessitated by planned economic development, as
determined through the procedures set forth in RCW 43.160.074 and 47.01.280.
(2) The amount of bonds
authorized in subsection (1)(a) of this section shall be reduced if the
transportation commission, in consultation with the legislative transportation
committee, determines that any of the bonds that have not been sold are no
longer required.
(3) The amount of bonds
authorized in subsection (1)(b) of this section shall be increased by an amount
not to exceed, and concurrent with, any reduction of bonds authorized under
subsection (1)(a) of this section in the manner prescribed in subsection (2) of
this section.
(4) The
transportation commission may decrease the amount of bonds authorized in
subsection (1)(c) of this section and increase the amount of bonds authorized
in subsection (1) (a) or (b) of this section, or both by an amount equal to the
decrease in subsection (1)(c) of this section. The transportation commission
may decrease the amount of bonds authorized in subsection (1)(c) of this
section only if the legislature appropriates a transfer of an equal amount of
funds from the motor vehicle fund - basic account to the economic development
account under RCW 47.10.803.
NEW
SECTION. Sec. 2. This act is necessary for
the immediate preservation of the public peace, health, or safety, or support
of the state government and its existing public institutions, and shall take
effect immediately.
